Following the footsteps of the Fed and the RBA, the Hong Kong Monetary Authority (HKMA) announced a surprise 50 basis points (bps) cut to its base rate to 1.5%. FX implications With the Hong Kong dollar (HKD) paged tightly to its US counterpart, the HKD/USD registers a swing from its multi-day low of 7.7343, registered the previous day, while marking 7.7712 as a quote by the press time of Wednesday’s Asian session. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold: Bulls cheer the global drive to safeguard against COVID-19 FX Street 3 years Following the footsteps of the Fed and the RBA, the Hong Kong Monetary Authority (HKMA) announced a surprise 50 basis points (bps) cut to its base rate to 1.5%. FX implications With the Hong Kong dollar (HKD) paged tightly to its US counterpart, the HKD/USD registers a swing from its multi-day low of 7.7343, registered the previous day, while marking 7.7712 as a quote by the press time of Wednesday’s Asian session. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
